Could WSM Nab Even More Post-Earnings Bull Notes?

The Dow is getting a big boost from Boeing stock this afternoon

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Schaeffer's Midday Market Check
5/27/2021
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Dow Jumps Triple-Digits on Jobs Data, Recovery Optimism


By: Lillian Currens

The Dow Jones Industrial Average (DJI) is adding to this morning's gains, last seen up 103 points as better-than-expected initial jobless claims data boosts market sentiment and sends cyclical stocks skyward. Boeing (BA), in particular, is propping up the blue-chip index, with hopes for a smooth economic recovery front-and-center. Elsewhere, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are modestly higher as well, though the tech-heavy latter lags behind reopening plays. 

The semiconductor sector is in focus, with sector stalwart Nvidia (NVDA) pulling back after its quarterly report. Elsewhere, Senate Republicans just revealed their $928 billion infrastructure counteroffer after rejecting President Joe Biden's $1.7 trillion proposal. Treasury Secretary Janet Yellen, meanwhile, is calling for ramped-up government spending, citing stagnation in inflation-adjusted spending by congressional leaders. 

Continue reading for more on today's market, including:

  • Williams-Sonoma stock could be primed for more bullish analyst attention. 
  • This discount retailer's earnings beat is whipping options traders into a frenzy. 
  • Plus, puts pop for TTCF; VTNR buys Shell's Alabama refinery; and OCFT rejected by key trendline. 
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